Misguided bet on Trump could cost French owners of Auchan and Leroy Merlin €3bn in Russia
The Kremlin's decree confiscating its Russian subsidiaries has plunged France's Association Familiale Mulliez, chaired by Barthélémy Guislain, into crisis. The sting is sharper still because the group left nearly a billion euros sitting in the coffers of its DIY chain Leroy Merlin in Russia – and could have sold off its retailer Auchan there two years ago.
